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Ripple News
TronWeekly
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Bitcoin Dominates Digital Asset Inflows with $2.9 Billion: Report
- Bitcoin attracted $2.9 billion in inflows last week, comprising a quarter of total 2024 digital asset investments.
- A total of $3.3 billion flowed into digital assets last week, marking a six-week streak of $10.5 billion in investments.
- Ethereum received $326 million in inflows, the largest amount in 15 weeks, and continued its fifth week of growth.
- Investors are turning to digital assets like Bitcoin due to economic concerns arising from U.S. economic conditions, making the U.S. a major contributor to the influx of $3.2 billion.
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Bitcoinist
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Circle Sets The Record Straight: No Talks Of Sale To Coinbase Or Ripple
- Circle has denied reports of engaging in talks for a sale to Ripple or Coinbase, reaffirming its focus on the upcoming IPO.
- Earlier reports indicated that Circle rejected a takeover bid from Ripple, deeming the offer as too low.
- Ripple recent acquisition of Hidden Road for $1.25 billion while Coinbase announced plans to buy Deribit for $2.9 billion.
- Circle's IPO efforts have been revitalized, with the company also acquiring Hashnote, the issuer of the USYC stablecoin, to target institutional adoption.
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Cryptopotato
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Digital Assets See $3.3B Weekly Inflows Despite XRP’s Historic Reversal
- XRP experienced a historic reversal with outflows of $37.2 million, the highest on record, despite digital assets seeing $3.3 billion in weekly inflows.
- Inflows in digital asset investment products brought the cumulative six-week inflow streak to $10.5 billion, with year-to-date inflows reaching a record-breaking $10.8 billion.
- Investors are diversifying towards digital assets due to US economic uncertainty, Moody's credit downgrade, and surging treasury yields.
- Bitcoin led digital asset inflows with $2.9 billion, while Ethereum, Solana, and Sui also saw significant inflows. XRP faced outflows along with multi-asset products.
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TronWeekly
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Florida Bill Seeks to Exempt Bitcoin, XRP, and Stock Gains From State Capital Gains Taxes
- Florida lawmakers aim to eliminate capital gains tax on Bitcoin, XRP, and stocks to attract more crypto companies and provide clear tax rules for investors.
- The new bill in Florida ensures 0% tax on capital gains from cryptocurrencies and traditional stocks, with Governor Ron DeSantis endorsing the proposal to enhance the state's position in the digital asset sector.
- The move signals Florida's support for crypto companies and investors by introducing tax exemptions, although federal capital gains taxes remain unchanged and continue to apply to all U.S. residents.
- Florida's crypto-friendly regulations and zero capital gains tax proposal may lead to increased investment, potentially fueling Bitcoin price speculation as the state competes with others by offering favorable tax policies.
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Cryptonews
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Dubai Land Department Selects XRP Ledger to Power Landmark Real Estate Tokenisation
- Dubai Land Department has chosen the XRP Ledger for a real estate tokenisation project, allowing fractional property investment starting at AED 2,000.
- The initiative connects on-chain deed issuance to Dubai’s property registry, enhancing ownership recording and access.
- Ctrl Alt and Prypco's minting platform will power the hybrid model of digital and physical ownership for the project.
- Tokenisation of real estate assets is gaining global traction, with projections of trillions in blockchain-based assets, making Dubai's move significant in mainstream adoption.
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Crypto-News-Flash
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XRP ETF Approval Odds Climb to 83% Amid SEC Stalling and Futures Launch
- XRP ETF approval chances increased to 83% despite SEC delaying decisions on pending applications.
- XRP futures products on Nasdaq and CME are enhancing institutional access, aligning with the momentum seen in Bitcoin ETFs.
- Numerous major fund management groups, such as Bitwise and Grayscale, are awaiting SEC responses, expecting firmer timelines next month.
- The introduction of XRP futures ETF on Nasdaq, in addition to other financial instruments, is driving momentum and increasing institutional interest in XRP.
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Crypto-News-Flash
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XRP Gains Strategic Edge in ISO 20022 Adoption, Leaked Docs Show
- Ripple's XRP is positioned as a front-runner in the adoption of ISO 20022-compliant financial messaging networks.
- XRP's design aligns well with the ISO 20022 standard, offering solutions for standardization and exchange of information in banking and fintech.
- The shift towards fintech technologies, as supported by ISO 20022, is pushing traditional financial institutions towards synchronization across different networks.
- XRP, along with other cryptocurrencies, such as Cardano and Algorand, is adapting to meet the ISO standards, but XRP stands out due to its integrative systems and alignment with the ISO standard.
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Newsbtc
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2,700% XRP Rise? Analyst Predicts Monster Move Based On The Charts
- Crypto analyst Egrag Crypto predicts that XRP could see a 2,700% rise to $45 based on historical chart patterns.
- A more modest scenario suggests XRP could reach $19, representing a 1,000% increase.
- Egrag Crypto highlights similarities in XRP's past rallies in 2017 and 2021, pointing to potential future price movements.
- While some are bullish on XRP's outlook, others caution against getting caught up in the hype, emphasizing the need for risk management strategies for traders.
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Bitcoinist
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Chainlink Vs. XRP Ledger—Who Leads In Institutions? Report
- Messari conducted a comparative study between Chainlink and XRP Ledger to assess their appeal to enterprise capital and regulated finance.
- Chainlink is positioned as a foundational connectivity layer underpinning over $20 trillion in on-chain value, focusing on secure data delivery and cross-chain messaging, with the Chainlink Runtime Environment facilitating bespoke oracle workflows.
- XRP Ledger emphasizes sub-second settlement, tokenization, and regulated DeFi, but faces legal uncertainties due to Ripple's ongoing legal battle with the SEC.
- Financially, Chainlink's market cap is lower than XRP's, yet its token value is significantly higher, indicating differences in monetization strategies, while partnership momentum blurs the lines between the two networks.
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Newsbtc
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XRP ETF At 83% Approval Odds—Is The SEC Losing Grip?
- Investor optimism for a spot XRP ETF stands at 83% despite SEC delays in decision-making.
- SEC typically takes the full 240 days to review 19b-4 filings, leading to final due dates for spot ETF bids in October.
- Introduction of XRP futures contracts and ETFs by major exchanges signals increasing interest among investors.
- Ripple's CEO emphasized the significance of ETFs in allowing institutional access to cryptocurrencies like XRP.
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Crypto-News-Flash
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XRP vs SOL: Which Crypto Will Dominate the Next Bull Run?
- Peter Brandt is considering a $100,000 investment in either XRP or Solana, sparking a debate in the crypto community.
- Brandt, a veteran trader, has been vocal about XRP in the past, but has shifted his stance based on recent performance.
- XRP has broken out of a large symmetrical triangle, showing signs of a continued upward trend, while Solana is forming a bullish 'Cup and Handle' pattern.
- Both XRP and Solana are gaining traction with futures and ETF filings in the US, with analysts predicting a potential edge for XRP in ETF readiness.
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Cryptopotato
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Charles Hoskinson Backs Ripple Over Coinbase in Circle Takeover Battle
- Charles Hoskinson supports Ripple in the bidding war with Coinbase for Circle, aiming to break the monopoly in the crypto space.
- Hoskinson believes a potential Ripple-Circle deal would offer better custodianship for stablecoins.
- Ripple and Coinbase are reportedly competing with multi-billion dollar bids for acquiring Circle, the issuer of USDC stablecoin.
- Cardano is in talks to integrate Ripple's stablecoin RLUSD into its ecosystem in an ongoing conversation.
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Crypto-News-Flash
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Ripple News: 3 Critical Events That May Make XRP a Global Crypto Powerhouse
- XRP is predicted to become a global crypto powerhouse with three critical events needed for its growth.
- Analysts suggest that the approval of an XRP Exchange Traded Fund (ETF) could lead to significant growth for XRP.
- The establishment of Ripple's stablecoin RLUSD and its recognition under the GENIUS Act could solidify XRP's position in cross-border payments.
- XRP is emerging as a competitor to SWIFT due to its instant settlement and cost-effective fees, potentially leading to a surge in price and market cap.
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Cryptopotato
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Possible Scenarios for XPR Once it Breaks Out of Consolidation: Ripple Price Analysis
- Ripple's XRP remains within a narrow price range with minimal fluctuations, indicating a potential breakout soon to define the next trend.
- On the daily chart, XRP is trading between the 100-day and 200-day moving averages at $2.2 and the upper boundary of a descending wedge around $2.5, a crucial battleground for bulls and bears.
- A break above the descending wedge could lead to a bullish rally towards $3.3, while failure to surpass the $2.5 resistance may result in a bearish rejection towards $2.
- On the 4-hour chart, XRP has formed a short-term descending wedge near $2.2, showing low volatility. A break above $2.4 could signal a bullish breakout towards $2.8, while a drop below $2.2 may lead to downside towards $2.
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